Sophia Age 30 from Halifax
- Halifax Credit Card: £1110.00
- Barclaycard: £4163.00
- HSBC: £4862.00
- +4 Other Creditors
Total Debt: £10,966
Monthly Payment before IVA: £300
Monthly Payment after IVA: £100
Lives in a rented accommodation with partner who is unaware of the situation.
With a lack of self-confidence and being over committed, 30-year-old Sophia spiralled into debt when she started to excessively spend and had no control over her expenses and credit cards.
‘I was soon unable to keep up with payments and did not know how to respond to people constantly approaching me, phoning me, posting letters through my door whilst keeping this situation away from my partner. Having a young child also added to this situation which then made me reach out for help knowing that soon I may not be able to look after them properly due to the state I was in.’
Sophia’s debt had risen to £10,966.00 and had absolutely no idea on how to manage it all. Sophia then met a Zero Debt's advisor who she contacted to receive some guidance on how to manage all her debts.
‘After encountering Zero Debts, I realised that my debts would soon be managed by a wonderful company and I would receive help from great people. Finally receiving help, I never realised how much it would benefit me and allow me to eventually have a good night’s rest.